Sky Gold and Diamonds Ltd acquires 10,500 square meters land

In line with our vision of becoming a premier B2B hub in India, Sky Gold and Diamonds Limited (formerly known as Sky Gold Limited) has acquired / purchased a plot of land measuring 10,500 square meters. We plan to develop a 5,40,000 sq. ft. facility on this land, significantly enhancing our production capacity by 4.5 tons KG per month. This expansion aligns with our long-term strategic objectives and will strengthen our market presence. We have initiated the planning and development phase, and business operations are expected to commence by 2027, upon completion of the necessary infrastructure and facility setup."

This acquisition is in line with our strategic growth plans, and we believe it will positively impact the Company's operational capabilities and overall market position.

Shares of Sky Gold and Diamonds Ltd was last trading in BSE at Rs. 326.25 as compared to the previous close of Rs. 320.15. The total number of shares traded during the day was 21125 in over 478 trades.

The stock hit an intraday high of Rs. 327.90 and intraday low of 315.00. The net turnover during the day was Rs. 6812212.00.

Source : Equity Bulls

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SkyGoldandDiamonds INE01IU01018 LandAcquisition Expansion